Small Medium Business Research Articles

The effect of financial literacy and entrepreneurship orientation on the performance of small-medium enterprise ‘tenun gringsing’ in tenganan village, karangasem regency

Small-medium business enterprises play an important role in the national economics. As such, the performance of small-medium enterprises should be optimized through various efforts among others; increasing financial literacy and entrepreneurship orientation of the businessman/woman themselves. The current research was conducted because there are some performance issues with the small-middle enterprise ‘Tenun Gringsing’ in Tenganan Village, Karangasem. In an effort to optimize and increase performance of the small-middle enterprise, there needs to be a competent financial literacy and a strong entrepreneurship orientation. The purpose of the current study is to study the effect of financial literacy and entrepreneurship orientation on the performance of small-medium enterprise “Tenun Gringsing” in Tenaganan Village Karangasem partially and simultaneously. This research applied a quantitative method. Population studied is 80 businesspeople of the small-medium “Tenun Gringsing” enterprise. Saturated sampling technique was used. Data was collected using interview, observation, survey, and documentation study methods. Data was analyzed using a Mutiple Regression Analysis. The results of the study indicated that there is a positive and significant effect (partially and simultaneously) of financial literacy (X1) and entrepreneurship orientation (X2) towards performance (Y).

An Evaluation of Order Fulfillment Information System for Small Medium Business

Developments in measurement for order processing and customer service are presently under development. In order to guide Small and Medium-sized Enterprises (SMEs) from their current state of capabilities to their ideal future state, encouraging measurements for order processing and customer service is essential. Customer demand initiates the supply chain and fulfilling that need in a timely and accurate manner is the first step in delivering excellent service to customers. Today, the software industry uses a method known as the Software Development Life Cycle (SDLC) to plan, create, and test new software. In this paper, the order fulfilment process and well as the Order Fulfillment Information System (OFIS) development has been discussed and postulated to need a data source to guide future iterations. Therefore, firms who have a need for such information systems have been polled to collect data about their business operations as a source of data for development. In this paper, the Order Fulfillment Information System (OFIS) is discussed and designed using Unified Modeling Language (UML) based on the previously specified business processes.

Increasing Village Potential Through Small Medium Micro Business Development and Family Empowerment

The COVID-19 pandemic decreased Micro, Small, and Medium Enterprises (MSMEs). Therefore, This community service program aims to improve community welfare through the development of MSMEs based on local wisdom in Padang Pariaman Regency, West Sumatra. Nan Sabaris District, Padang Pariaman Regency has several MSMEs producing various products, especially Padang Pariaman speciality cakes. Pauh Kambar village is a culinary destination in Nan Sabaris District. Not all MSMEs in the Pauh Kambar Village were well managed. There was potential products development, but their production and marketing were still limited. The main focus of this MSMEs development program was empowerment through business training and mentoring. This program included business management, financial management, product packaging, and online marketing training. In addition, it also performed family empowerment in the target community. This program focused on the strengthening phase of the community empowerment program. The program evaluations showed that the beneficiaries were very satisfied with the training and business monitoring program. In addition, the program was very effective for beneficiaries in business management abilities, marketing management, business motivation, business turnover, and parenting knowledge. Furthermore, beneficiaries had increased a business turnover of approximately IDR 1.5 million/month and an average income of IDR 750 thousand/month after receiving training and mentoring programs. The MSMEs development program and family empowerment are satisfactory and effective for MSMEs actors in Pauh Kambar Village. The community service team will recommend partners receive financial assistance from other programs and build cooperation with various stakeholders.

Proposed Event Organizer Small Medium Business Enterprise Architecture in Pandemic Industry 4.0 Era

Covid-19 pandemic affects businesses around the world and the most impacted are small and medium event organizer business (SMB EO) that usually having social gathering event participated by a few hundred participants only. Digital transformation must be executed immediately to adapt to the conditions utilizing Industry 4.0 technology especially in recent pandemic era. This paper study the enterprise architecture design of SMB EO utilizing Industry 4.0 to survive in pandemic era and beyond. The enterprise architecture based on Togaf framework consists of business, application, information, and technology architecture is decribed in this paper. Small business doesn’t have the big capital on investing in technologies and during pandemic where certain technology is scarce may cause the business to be left behind. Choice of utilizing public social media and cloud providers according to the architecture is the key. Once the technology is adopted, business is digitalized then business can be ready to face future metaverse business model.

Mobile Marketing in Business Sustainability: A Bibliometric Analysis

The rising of mobile marketing in business is gaining attention from the small medium business to corporate level. The purpose of this paper is to review the literature on the topic “mobile marketing” from 2010 to 2020. This study can be used as the benchmarking analysis to obtain deeper understanding about mobile marketing. The study analyzed 373 articles published in Web of Science database that contains more than 20,500 peer reviewed journal. The most influential and highly cited academic papers, universities, countries and peer-reviewed academic journal were considered in this study. This study can provide an overview of the current state of research in mobile marketing strategy and practices. This study can serve as the strategy for potential research in the future and understanding mobile marketing through visualization methods.

A case study on dynamic capabilities developed by a product start-up to grow at the time of pandemic

ABSTRACT Business operations became challenging when the COVID-19 pandemic struck, and governments applied significant lockdown measures to stop the spread. Start-ups and small-medium businesses started facing hardships due to the changes in the business environment and the resulting constricted cash flow. This case describes challenges faced by a high-tech product start-up company and the way they tackled these hardships. The company had adopted an agile programming methodology for product development which faced a major challenge because of the sudden introduction of “work from remote” (WFR). WFR had disrupted collaboration between clients, sales teams, and development teams. The success of agile methodology was dissipating as teams could not do on-premise huddles. The company witnessed an overrun in the sprint schedule, increase of budgeted cost, and sliding customer satisfaction. Senior management could not manage process parameters properly, and therefore predictability of the processes waned. The start-up owners, through the application of the “dynamic capabilities framework,” focused on reconfiguring the agile working processes and improving the remote working capability of employees. This case shows the start-up’s agile development process transformation journey following the dynamic capabilities framework to overcome the challenges posed by the pandemic. The teaching case focuses on imparting knowledge on agile development and dynamic capabilities to Information Systems students.

Non-Performing Loan Determinants during COVID-19 Pandemic (Case Study at Bank XYZ)

Non-Performing Loans (NPL) is a financial ratio that shows the credit risk faced as a result of granting credit and investment funds on different portfolios. This study aimed to analyze the determinants of Non-Performing Loans (NPL) before and during the Covid 19 pandemic at Bank XYZ. NPL can be caused by internal or external factors from Bank XYZ. The analytical method used is the Mixed method which combines quantitative and qualitative analysis. Data analysis used multiple linear regression method using time series data for the 1st quarter of 2013- 4th quarter of 2020. The analysis method used multiple linear regression to see the influence of internal factors are total credit, Return on Equity, Loan to Deposit Ratio, Net Interest Margin, total assets, BOPO, condition dummy before after transformation and external factors are Benchmark Interest Rate, exchange rate (exchange rate), Inflation, Industry Production Index, dummy conditions before and during the Covid 19 pandemic on Bank XYZ's NPL. The estimated regressions are the overall NPL, the Small Medium Enterprise (SME) Business Segment NPL, the Small Medium Enterprise (SME) Business Segment for the wholesales business sector, and the Small Medium Enterprise (SME) Business Segment NPL for the Retailer business sector. Data processing using E-views software version 9.0. The result of this research are factors that affect the overall NPL: Dummy Transformation, Net Interest Margin, and total assets, for the NPL for the Small and Medium Enterprises (SME) segment: total assets, dummy transformation and Net Interest Margin (NIM), NPL for the Small and Medium Enterprises (SME) business sector Wholesales: BOPO NIM, Lending growth, total assets, ROE and Dummy Transformation, for the NPL segment of Small and Medium Enterprises (SMEs) Retailer business sector: Net Interest Margin (NIM) and total assets. The impact of the COVID-19 pandemic on NPLs was most felt by the NPL all, SME business segment credit and the wholesales business sector. Keywords: covid-19 pandemic, NPL, NPL SME, retailer, wholesales.

The Effect Partnership on Performance Small and Medium Enterprises based Law No.9 of 1995 in Tebing Tinggi City

This study examines the effect of partnership on the performance of small and medium businesses in Tebing Tinggi City. the research method description analysis using a qualitative research approach, data collection through interviews and literature. Based on law number 9 of 1995 article 1 paragraph 8 Partnership is a business collaboration between small businesses and medium businesses or large businesses accompanied by coaching and development by medium businesses or large businesses by paying attention to the principles of mutual need, mutual need, mutual strengthening and mutual benefit. This economic group of small and medium businesses is one of the businesses that has proven to be surviving in the midst of the development of the terrible economic crisis that has hit the country. Partnerships are very important in developing small and medium businesses because the existence of small and medium business partnerships is facilitated to obtain capital and marketing systems. In an increasing competitive atmosphere, the existence of small and medium businesses is demanded to remain able to compete with other business actors, because this institution is considered to be quite representative in empowering the community's economy.

Antecedent of Organizational Change and Its' Consequnce towards Organizational Performance

Even very successful organizations need to constantly change (evolve) due to very dynamic business environment conditions (Pangarkar, 2015). An organization needs to adapt to any changes in technology, economy, demographics, regulations, competition, and consumer preferences that change rapidly (Anyieni, 2016). Dynamic changes also constantly occur in the banking industry in Indonesia. As the central institution in driving economic growth, the bank needs to be more adaptive to changes in the business environment driven by customer expectations, technological capabilities, policies, demographics, and macroeconomic conditions. Over the last ten years, competitive pressures in the industry have put pressure on the level of banking profitability and efficiency issues (Source: SPI 2019, www.ojk.go.id). Barquin et al. (2018) also mentioned that technology development had brought a new competitive landscape in the banking industry. Technology has provided more convenience in terms of access to the financial services that also raise concern on the relevance of old-style banking services with high reliance on the conventional branch as access. As an impact of technology development change in financial services, increasing financial technology (fintech) services have emerged another competition platform in the banking industries in recent years. Digital technology will change the competition platform in the financial services industry. If banks are not ready to adapt to the change will be exposed to the shrinking market share (www. Economy.okezone.com, 2019). Fintech is expected to put more pressure on banking lending products, particularly within the retail banking segment, potentially will exist in 2025, as explained by McKinsey (www.keuangan.kontan.co.id, 2018). The commercial lending segment will expose to the competition due to technical support in terms of ease of access. Strong investor support to develop their market in Indonesia is expected to accelerate the change of competition landscape in the small-medium enterprise business (www.money.kompas.com, 2019). Keywords: Change, Leader, Organizational Commitment, Organizational Change, Organizational Learning, Organizational Performance.

Determinants of Small Medium Micro Business Empowerment: Systemic Literature Review

The purpose of this study is to determine the determinants of MSME Empowerment and what factors determine MSME Empowerment in the Globalization Era. This study uses a descriptive exploratory approach by using an approach to literature review or literature study, which refers to various literatures, such as books, dissertations, scientific journals and the internet. All the descriptions of existing ideas are combined in a single framework of thought. The results of the study can be concluded, From the discussion that has been described, it can be concluded that the determinants of MSME Empowerment are the role of the government in empowering MSMEs in Indonesia which is the driving force for the success of MSMEs in an effort to rise during the pandemic, with one of the main policies being to encourage lending to MSMEs. , such as People's Business Loans, Independent Business Loans, Productive Business Loans and other credit financing. The role of banking in financing Micro, Small and Medium Enterprises (MSMEs) has a very important contribution because MSMEs will be able to develop if they have sufficient capital to run their business. In addition, the factor that determines the empowerment of MSMEs is that the government needs to establish policies for MSMEs that receive credit financing according to a priority scale, then provide guidance and assistance as long as MSMEs use their business loans, facilitate relationships between MSMEs and other parties and provide access to marketing information and ease of marketing. for MSMEs to offer their products or services to be easily sold in the market.

Distribution channels (dc) in the technological industry - ideas for improvement in Argentina

For many years, the DC operation -covering massive sales and value added solutions- have been a reality in the Argentinean technological industry. Manufacturing companies have used them as a central part of their commercial growth/value added strategies to provide greater geographical coverage and adequacy to the products/services offered. As a result, this work shows different DC facets of this environment and possible improvement aspects. Management focus could bring better performance levels for the organizations that configure this complex and exciting industry. The hypothesis of this study –which was corroborated- is that there are aspects that can be improved in the DC operation of the Argentinean technological industry, bringing value added and sustainable growth to the companies’ network. Main findings of this work reveal that long DC and hybrid models are mostly used by manufacturers because they improve commercial reach, final customers’ solutions and purchase experience, providing the highest possible flexibility and profitability. It also requires cost optimization, channel efficiencies and vertical conflicts reduction. In addition, there are challenges connected to: a) the whole DC network value understanding and the optimal channel level mix, b) customer demand generation, c) the technology/cloud-based businesses and the SMB (Small Medium Business) that need more personalization and value added focus, d) remote channels/online platforms versus physical channels, e) the Opportunity Registration process as a way to protect the DC investment in certain key customers, and f) training opportunities, among others. The final objective referrers to get away from imitation and commoditization, proposing a unique value proposition for which strategy and marketing plans should create long term customer value. Finally, best practices are remarked as a way to evolve to new performance levels. The study is exploratory-descriptive, with a qualitative methodology, and it is supported with a bibliographical and an empirical analysis.

Measures to Increase Export of Small and Medium Businesses to the EU Market Using the Korean Wave and FTA Special Regulations

Measures to Increase Export of Small and Medium Businesses to the EU Market Using the Korean Wave and FTA Special Regulations

PENERAPAN AKUNTANSI PADA USAHA MIKRO KECIL DAN MENENGAH (UMKM) DI KABUPATEN REJANG LEBONG

Abstrack-These days Small-Medium Enterprises (SME) have been run by people to improve economic income. Some kinds of SME business in Indonesia are services and commercials. However, because of the lack knowledge of accounting cycle, many enterprises cannot implement appropriate recording system according to general accounting recording. As the result, the SME owner cannot draw aside enterprise financial and personal financial. The case is that when the SME owners are planned on evolve their business, they can propose bank loan. The implementation of accounting cycle on SME can help the owner to manage their business that their business can be successful. It also can help to stimulate new SMEs especially in the District Rejang Lebong

Readiness Factor Identification on Kabupaten Karawang SMEs towards Industry 4.0 Era

This study aims to explore the readiness of SMEs Karawang in terms of Technology, Organization, Environment (TOE) Framework and technological readiness (TRI) for benefits of industry 4.0 (BOI) in the dimension of industry 4.0 (DOI), viewed from different business scale groups; micro-businesses (group 1) and small-medium businesses (group 2), with a random sampling of 300 SMEs samples using the multigroup-SEM method. The results showed that the feasibility of the research model was quite good from the results of the structural test of the multigroup-SEM. In the micro business (group 1), managerial (TOE) and technology (TRI) MSME readiness factors influence the use of technology pillars in the industry dimension (DOI). In contrast, in small and medium business groups (group 2), the managerial (TOE) and technology (TRI) readiness of MSMEs influence the use of (DOI) and the benefits of the industrial era 4.0 (BOI).

JSC «Guarantee Fund» as a factor in support of Small Medium Business in Kyrgyzstan

The activities of guarantee funds are aimed at stimulating the development of SMEs in terms of providing access to credit in the event of insufficient collateral. Ultimately, this has a positive effect on the economy as a whole, and solves many problems of the socio-economic development of the country and regions. As the practice of the JSC «Guarantee Fund» has shown, an increase in the number and amounts of guarantees, as well as loans under the scheme of attracting guarantee funds provided to priority clients - SMEs, provide an increase in production and services, the number of jobs, an increase in income and living standards of the population, receipts of tax and social payments.

Raw Material Analysis control of SMBE Slipper Producer using Economic Order Quantity

The growth of small-medium business enterprise in Indonesia is getting faster in decade, including small-medium business enterprise who produce slippers. SISCO is one of small-medium business enterprise who produce slipper. They must keep tight with market requirement. The supply of raw materials in a small-medium business enterprise is one of the important during production process. In some case their products are mismatch number from market demand. It can be worse if there a mismatch between raw materials ordering schedule from supplier and market demand from consumers. One of this problem requires Economic Order Quantity method as a solution, because during slippers production we have to order from supplier. Inventories are materials stored as raw materials, then they processed be finish product. To find out inventory, one of the inventory models used is the economic order quantity model. This method seeks to achieve the minimum possibility of inventory levels and lower costs and better quality. Economic Order Quantity method calculation based on raw material inventory control in SISCO slipper brand. Optimum monthly cost is IDR 5.293.541,03 to meet supply materials.

Economic Vulnerabilities and Livelihoods: Impact of COVID‐19 in Fiji and Vanuatu

Economic Vulnerabilities and Livelihoods: Impact of <scp>COVID</scp>‐19 in Fiji and Vanuatu

Small Medium Enterprises (SMEs) business owner’s wellbeing and business growth in Malaysia.

The most common attribute found among successful Small Medium Enterprises (SMEs) is constantly growing their business. Business owner’s wellbeing evidently played pivotal role in SMEs business growth. Although extensive research has been carried out on the subject of SMEs business growth, their wellbeing remained relatively under-explored. As a result, a thorough understanding on SMEs business owner’s wellbeing in Terengganu was very poor and the barriers to business growth remain persistent. It is against this backdrop that this paper seeks to explore SMEs business owner’s attitude which impede their business growth that directly linked with their wellbeing. Analysis of data from 30 semi-structured interviews with SMEs related experts and business owners revealed six common traits of business owners’ attitude; complacent, reliance, expectation, inculpate, unmotivated and incurious. In addition to common traits, findings revealed further understanding on their attitudinal motivations. Thorough understanding on SMEs business owner’s attitude found among participants in this study explained their minimal growth which lies beyond superficial negative attribute that was projected, rather, driven by external circumstances. This study provides a fine-grained understanding of SMEs business owner’s wellbeing in Terengganu through a lenses of both experts and business owners. Keywords: business growth, business owners, small medium enterprises (SMEs), wellbeing

The Adoption of Financial Accounting Standards for Small Medium Enterprises by Muslim Entrepreneurs

This study aims to discuss the adoption of financial reporting and accounting standards for small-medium enterprises (SMEs) by Muslim entrepreneurs. A structured questionnaire was used to collect quantitative data from the SME owners. 214 Muslim owners of SME businesses participated in the survey. The results show that only a few Muslim entrepreneurs prepared financial reports regularly. The main reason for preparing the statement is for calculating tax, borrowing money, and decision making. An unexpected finding from this study is that most of the Muslim owners are unaware of Standard for SMEs. Users of SME financial reports include tax authority, banks, and owners, or shareholders. This study enriches the financial reporting studies by examining the accounting standards for SMEs in a Muslim dominated country. The findings of this study also have implications for the Institute of Indonesia chartered accountants (IICA) as standard setter. IICA must routinely disseminate these standards to SMEs and also assist them in preparing financial reports

The Effect of Employee Empowerment and Work Stress on Employee Organizational Commitment Mediated by Job Satisfaction (Case Study of Financial Services Cooperatives in Denpasar)

A cooperative is a business entity owned and operated by an individual for the benefit of members. The business outgrowth is aligned with the small-medium business expansion in the local area, Bali as general. The objectives of this study are to examine the effect of employee empowerment, job stress, organizational commitment, job satisfaction at the Financial Services Cooperative in Denpasar and to examine the role of job satisfaction in mediating the effect of employee empowerment on organizational commitment at the Financial Services Cooperative in Denpasar. The data for this study conducted from representable cooperatives in Denpasar based on the criteria of a minimum asset, and Good cooperate governance score, this researched collected 63 numbers of respondents by random sampling method. This study is implemented qualitative and quantitative research by spreading the questionnaire to the respondence and also interviewed after the respondence filled up the questionnaire, Partial least square (PLS) has been used as hypothesis testing. The results of this study show that (1). Employee empowerment process is effect positively significant to job satisfaction for the cooperatives employment, (2). Work field pressure has a positive effect on job satisfaction, (3). Work field pressure is positive but insignificantly effect to the organizational commitment, (4). Job satisfaction is showing positive insignificant effect toward the organizational commitment, (5). This research found that mediation factor between commitment and employee empowerment is work satisfaction.